As VITE is one of layer1/2 block chain project which still in low cap, as I had published about WAN, OM, NULS which they had showed the God candle. God Candle is the candle which have amplitude more than 50% in one days.
Only VITE does not show it up yet. Hope on this several days ahead it will show it to me.
VITE is the native coin of the Vite public chain. It is a zero-fee, lightning-fast blockchain designed for the decentralized economy. Here are some key points about VITE:
1. Purpose: VITE serves as the fuel to power up transactions on the Vite chain. Unlike traditional "Gas" on other public chains (e.g., Ethereum), VITE is used to stake for computational and bandwidth resources. Once transactions are complete, VITE can be retained at no cost.
2. Consensus Mechanism: Vite utilizes a Directed Acyclic Graph (DAG) based smart-contract platform with a Snapshot Chain structure. It employs Hierarchical Delegated Proof of Stake (HDPoS) for network consensus, where supernodes receive staking rewards without transaction fees.
3. Compatibility: Vite's virtual machine maintains compatibility with Ethereum Virtual Machine (EVM) and uses an asynchronous smart contract language called Solidity++.
4. Use Cases:
- Token Transactions: VITE is used for simple token transactions and smart-contract executions on the Vite network.
- Voting: VITE can be used to vote for Snapshot Block Producers (supernodes).
- Leasing Quota: VITE stakers with unused transaction quota can lease it to dApps in exchange for their tokens.
5. Products:
- ViteX: A decentralized exchange with on-chain orderbook and matching engine.
- Vite App: A mobile application for trading, asset management, and dApps.
- VitePay: A fast and feeless payment solution.
How do you think about this VITE?
